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10 Staff Report - 2005/06 First Quarter Budget PerformanceH~ m IN 5 ~ E ,fir' - V_ , aw- so- am- EtWOO M 1 wwxtmv&Tuur M, xmc l } b ~miNer Vffp W, - ' NAM IWAQS - INA MS QA AM s~mia~ti;cl_' 5x33 f" :t - Trrf i k a 'AM 1$ d fe~ ICU& _.o n , _ - bm.. vk'L~=~ "OW ~~r~Tk`_~__~'P.T1~9-.-~~~ ~ b~E'~d` ~1~~ ~'~(~fi:?I ~6G~'iil~7~'•~ Y , ilri~Cc2~ '~~c`3'F ~2~'d` J~$i andumvehM6 tavate'~~~-~c~r,',~i~~~•~cl~~w:~~;~ie~,~;~i~:z~~~c~`~ ~~!"~~~~i,~H,a~,~~~$+y~~ K a., malwWw's, ,-Mae aff ? ti~ Ate, 47 , "t -I R ! m t P-MOOKft `X.Vvm w ralW S Tostki Hf w TiDKl 'PIN 3y, mlww e r _ . r MYWYAA ft T k rE .J ICI l "C)R.1_ND IC}t ?ti COUNCIL: SUB.TLCT: 2005i06 FTh'ST QUAI TFIZ 13 llCiF`l rl'FiR C~1 z_` ,C~'T~~ ki~tl iL REPORT-TZ E„ IONTES ENS .i 'L;f 5~ E LI , ~)(1 ri ~ October 17, 200_5 Y 2006107 AND t-EYOND: CH AJIE\G1 SI-PUE`,NUM In October, 2005, staffrtpdated the Town-'s ~i~e e ~C ezr~ral.Fiu d'jnzzc~ncza . , ert~tiz3 ltl'aai. 'WiJk1j. the on-oirlg uncertainty of de; elopments at the stalerle«t'„ ar.lr~n er, f to .,I~l!a7iriiti l l Rrz n[1"s}.r3'ot,` reliable. Current projections co>~tizlueto izzdicatertt~re ~E~:zancu~t.e,~~ iilll~r •n~cess #E, durEriartlt~ nett five yc a rs, However. the current update does[iu licafeAw y Iinpoi fart';poV1XS!, d'lxr; filet; Vs.-fA t` the lard work the Town leas accomplisht~d in tile: past:fc)trr. ycazs[ liaakel gcm algid pzslg : 1 fisicaf. results in spit: of'alin-: eying soft local ecouomz . sells it). ereventies, the shortfalls are stigbtly less Marx'liroj ete .izr,t.r ~r~ os reeeczt,ul>c7ates{~ i' nzrarr~ FY 2006-07 sltortfall of 5563,000 to the budget). At This time do,,km and adjusimeats to ftiei T6.vm"s.operAdg-jfitrdgt{i:a]'e necessary 1zt ,F Y 20061`Q7 unless tlxe lowWs ol~exat'n ' [e~=entt t reas•e ~?ai7rr rt i zt,'tYpv~ t t: ~ futitre years. iieupdatec l3 an usrdassuluptions asedupoa esl 1~(t d ; sts,ol`la or,au t~ezlc k tsy~;li ~ x s t1~: approximately 7/ (P% of General Fimd operabri cesis, rrdinlu to tliilerease 'zt:t~ ecrrxesi rsed`ialmn, an assumption of gradual eeorio-mic recovery Lrotn:t~~~di~v-~tttrz~sw~~t^z'lezzce't~~Ziniti.t~ltr~;wais~.:Ih~~ Plan coz1:611.1les to project revenue shortfalls raft ~riig;;f3u li ~;(N t r Ci) (k 'n, ur ryeaz . (asstmting he i`ix ira FY'?036 07 is done rti ith `'l~eitl2azaerztT'totes)'.t}ia zzlrist e.~ar 3z~a d~ PO-act ti;e `v;'° by the Town. To address this, the Town is Contizxrt~i~~tstir~i~lti;fir+~ti~leiT~i t~rL~:~t~F~ac ~ gpQrai~bztal. efFeiencies, costreductions, non-vital sen, ice le e.Z,r i i tzozt5'„ x ~ e~;czzt~ yezzharrcezz3eiiEreffc~~rt~rtr~; >Jalattce ong itzg rc~ enues wi0) e>xpeuditures in f0uae-years,, ; li u;ct e,1'Xi✓ ii u4 n ch 's 1, , ar„ the ability to reduce c per'atiozial expudi'Luresi -%ithoLft serlousi impact~ becomes, inczca5iin ? chalienL7int2. This year staff is undertaking an in-&j to s'.rvit izis et~toz, ~'t tl' ic~iktl zt o l:cffr~r(' it. -order to thoroughly explore seMce delivery appropg7ky f~z+1?4~Y.l~ra~~ic~~;,efi%~iertcS'e~„ ant},wlie;r~r ~c..G~sources could he redirected. An analysis of fees.fi~r.'c~st~rec~;e,e>~;~le~,e~, ~a]1.t31~:o;•~~e~tz~~c~c~~'ai*etz, -is iii years past. 'flats information will be usezl#dl'~a;~fcz~~i th.~l ' ~t~E1~3;01r ,k~trdgk~:>jalw~iaz i~ proposals for Cotnicil's cousideraLion in Spring The nlxlatcdtinvc year forecast as presented in t1te+Cdlloryii~~T za e5 asset sj loxtxn in additional State "takes" of property tax in~I,nY} ' ~ s1`t~3ilTtr..-ki iRt~, zbniduift. thO; T6AA e~perienced in FY 2004/05. This scenario also ay4utmes tl a lie S;date{pz;~~p rt ~t' t ori fill" of apl7roxitaz:ttely 51.2 tililliorl in Car Tax t6:9c c t pa)} ezfiy, t l_ :w ill o>ttixtiuUiit' l zttzz arsFas] promised by the State io be implemented v y are optimistic.ally pre;s?mted with ti~arying ~ rv~=rth;ratc5,,oz~_aver~z~4~ S1~14 tior-tax:r-cventloa]and charges for services. E.xperidi;tures axe derived fz~z~,a,drttak)aseiusiirg ttcrutr> c~sG~azYci ~djizstita~llnr~ flit ire k-nawn increases in labo3' costs if zz~:ulti-~ar 11Alw. ~s rcct? ~t't . are, ik, effect; ai;JadunrV up(ha es for retii:enzcrii and otlier benefit costs ay rQ,viclC:cl l~ti, l EFTS ci:-00 ~1,~iu4i 'Y ~~tic'aFr, ot~tct=st available to the T)wn, Each of the years preseaitc;d in the plan assume tliat~~cl~ usli3>~'.apt; [st~:lde~fo:.flie~latui~~c~t~o: ~I zaut<a#erl~~e' re.i-entic shortfall ira liX 20051106 arzd beyond area,J&rnaz ezx`t"al jus#xt~:ez~.ts~ the c ,;x`re cticiit Mc:- hwcl c) f hortl'~ ll in the folIoNving fiscal years, TIid. mop.rntsi31.t17ea Tbwzz':q F B MON awltimm TRIM, IMM -aft-am vigma A= z G 0 T 10 q TAM MYOR 7 ff COUNCIL lawlwt-,! 'Zou x 71 - - ir M m 4 w1wo i 2 I k - l 41er~h ~ s x 10, I~fJthcr i'i, was ` ~©e~224 IM WAX P, +1{}?3~3!b?~~3` 22.1`1'/- g +13994 s! 342;548 All QRX s ' 0 I _ WOW SAW - W- mow- - , t. MR40 - Rem= wow J M U W OM A VOW VIM 21<3,'b37~ V4F~tfi 11 Y ~Y..LT~v. i ~q ~q~g 13l - qFR; wlffggff~~ fommm A" WAX %4WM, 41M SM IM, Oft 4m 4" r 'WW ib Ir ,a, 99 1 ft' r dm,"- ; NL~~CU=ff'%ftt3aws 'l Am - + . ENA mmo "mm, ad, mom". Mae, 4 N . . A Pi L7 r ~ AR ~ fior s- c~eai$.u~'~~ c usttrie ~ cue-a Vim` Aud" % Wit' t Mi" -TS• m ''A W, VOL :&A a *aft I tat , MAO Nw- 5 Y, :M W,,t Impxw rom, le "M X&N ft p 0 A S SVMM f=m%NApFvw4Md • . "m ~~Rvm,w &m. mim. w ffav.=-Womba o- ~--IOTQL 7154 ft. A vm agio ~ox4w fiow u' buio P , ~ la rig A 4 U W- Moo ow mam =a pw W4 bar H I ' Wam= fA APM rig W _9 w ~Xmwog 404 do E or a &@a IMP ckogml lam om" It TV No* MAWN'tilam a go* &O"w7m, lis s4mM ea =0 + M ~ k L. w Mai f Im 41&- _ - OIN ,B olm TAM F W all2m". MWOWI "I MUM AR "A LVIM~_; IF Y. ""I Ddm qua ata. TWA d T:;Hwti~x a lho It oid Tom'' ' l Wwa- vok_ WOW m-74, *ww U 11 dm of .i All 141M . & ' nt paw-, i amba 11 • gMg - moim imi a 11. ~lf t 'Aho roll dl% PAM to SAMMIM SAMMIM ~ fi~~ -ZORW:yv u9G4B - i ra-,w10A71C NOW fa m ow - ip 2 1 I ,z z V] Is f IDMOOM vw, 799kglg 16 R if11 F t4i fl SWV3R l SI 7''3~7051l r_ c0' '62. tFFX`f0 "O-L E~m3'C14 r_y)o57f) mq t c 4 r very 1~~ to ;aecupancr*m A w -n" Chita, =Mlmm; 44 l t powsm A, MV- Swam" Aid M, dp Rod" mle T wmh AMU Wa- U _ AMAX y yy1~~x7~ r ars hmyd m6mm, - - 44 ~•1-0 aw MOMM I ml, MA s Anftk Me, Raftm ~ ►''~~rtl~irt~ :giexa., NM ~ bbftr, prim ~ -It f y ''m °T . ~,b' M - ~umvm; QWA*l - fAtAm"Wom" 4 4 a9 I A. IS, v k &M-fig. 11 =-Illiom 'Fogg aS 4an~ a ~ ~ Sti°eI7, #z f02a A p - f'' . -W W IR v la - - - w u m W 9 .1 06 N is l a IT, c WiA, 04M so ft 044 U;j &mum ' - r 19 Owl -Vr- - Avibb dm ftft At am by - mmig iw *UNA Mew mww #M 40 mgo* W 1 AAW E B F 6 J% i J 0 A n t A 0 r. VIM xis 84. i.~44~ ~1s70,$6~ H sai 7M B F "a 'j7 x ra~i~ ~ •x~,~oti ~fil 243 ff i' M i m; w r AM WMA*AhFw43 w:y MOM, dwweanm in I O 4 ford to _ f. _ , *,&,K. -mum m' p I rsl4m :mom awgw v `I a_ . . zm 133 f~t;~69t 4142,,7.31 ~ ~ Oft map imom mwa-fww, Tame *tftm _ 'fina- g" aItmo (M no I*" Im- brvokffla o 7 I"= ,a ,alum somo ccfL~tevcya'~ f7{, ;24 J131 ,~7s3 kf lit kl` ow % 27,h& # K4" JMW- 2MAU, arm O OPW N 3 t 0.0, amm 1[ 4 ' $51 ff A . l - *AV% Avg om 9" n" V V& R E in sA xabQ 9-0 AAWo M-i s e, 49 .it Via" Il. r ,1^t